Chapter 11.104B RCW

UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

Sections

ARTICLE 1
GENERAL PROVISIONS
11.104B.001Short title.
11.104B.005Definitions.
11.104B.010Scope.
11.104B.020Governing law.
ARTICLE 2
FIDUCIARY DUTIESJUDICIAL REVIEW
11.104B.050Fiduciary dutiesGeneral principles.
11.104B.060Fiduciary dutiesJudicial review of exercise of discretionary powerRequest for instruction.
11.104B.070Fiduciary dutiesPower to adjust.
ARTICLE 3
UNITRUSTS
11.104B.100UnitrustsDefinitions.
11.104B.110UnitrustsApplicationDuties and remedies.
11.104B.120UnitrustsAuthority of fiduciary.
11.104B.130UnitrustsNotice.
11.104B.140UnitrustsUnitrust policies.
11.104B.150UnitrustsUnitrust rates.
11.104B.160UnitrustsApplicable value.
11.104B.170UnitrustsPeriod.
11.104B.180UnitrustSpecial tax benefitsOther rules.
ARTICLE 4
ALLOCATION OF RECEIPTS
11.104B.200Receipts from entitiesCharacter.
11.104B.210Receipts from entitiesDistributions from trusts and estates.
11.104B.220Receipts from entitiesBusinesses and other activities conducted by fiduciary.
11.104B.230Receipts not normally apportionedPrincipal receipts.
11.104B.240Receipts not normally apportionedRental property.
11.104B.250Receipts not normally apportionedReceipt on obligation to be paid in money.
11.104B.260Receipts not normally apportionedInsurance policies and contracts.
11.104B.270Receipts normally apportionedInsubstantial allocation not required.
11.104B.280Receipts normally apportionedDeferred compensation, annuities, and similar payments.
11.104B.290Receipts normally apportionedLiquidating assets.
11.104B.300Receipts normally apportionedMinerals, water, and other natural resources.
11.104B.310Receipts normally apportionedTimber.
11.104B.320Receipts normally apportionedMarital deduction property not productive of income.
11.104B.330Receipts normally apportionedDerivatives and options.
11.104B.340Receipts normally apportionedAsset-backed securities.
11.104B.350Receipts normally apportionedOther financial instruments and arrangements.
ARTICLE 5
ALLOCATION OF DISBURSEMENTS
11.104B.400DisbursementsDisbursement from income.
11.104B.410DisbursementsDisbursement from principal.
11.104B.420DisbursementsTransfer from income to principal for depreciation.
11.104B.430DisbursementsReimbursement of income from principal.
11.104B.440DisbursementsReimbursement of principal from income.
11.104B.450DisbursementsIncome taxes.
11.104B.460DisbursementsAdjustment between income and principal because of taxes.
ARTICLE 6
DEATH OF INDIVIDUAL OR TERMINATION OF INCOME INTEREST
11.104B.500Death or termination of interestDetermination and distribution of net income.
11.104B.510Death or termination of interestDistribution to successor beneficiary.
ARTICLE 7
APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST
11.104B.550Death or termination of interestWhen right to income begins and ends.
11.104B.560Death or termination of interestApportionment of receipts and disbursements when decedent dies or income interest begins.
11.104B.570Death or termination of interestApportionment when income interest ends.
ARTICLE 8
MISCELLANEOUS PROVISIONS
11.104B.900Uniformity of application and construction.
11.104B.901Relation to electronic signatures in global and national commerce act.
11.104B.902Application.
11.104B.903Application of chapter 11.96A RCW.
11.104B.904ConstructionChapter applicable to state registered domestic partnerships2009 c 521.
11.104B.905Effective date2021 c 140 §§ 2101-2806.